What are the responsibilities and job description for the Residential Mortgage Loan Originator position at Old Fort Banking Co?
Description
Interviews residential mortgage loan applicants, and processes loan applications. Develops mortgage loan business through sales and marketing efforts with referral sources.
- Solicits first mortgage loans. Informs prospective loan clients of the financial institution’s underwriting guidelines and applicable government regulations.
- Personally interviews all loan applicants.
- Completes each loan application and all pre-processing functions in a timely manner.
- Screens loan requests based on financial institution policies and on types of loans offered by the institution.
- Researches new legislation and regulations that may affect the financial institution’s residential lending policies. Ensures compliance with new rules by advising senior management and implementing appropriate changes.
- Communicates complex approvals or denials to the borrower, real estate agent or builder.
- Distributes market data, rate flyers and general loan information to the real estate community as directed by financial institution management.
- Promotes and participates in the financial institution’s special credit programs and other CRA programs.
- Actively participates in local business and community activities and maintains close contact with local builders, real estate brokers and agents, clients and prospects.
- Successfully register on the Federal NMLS Resource Center, use MLO number as identifier in communications and documentations.
- Remain compliant with bank guidelines, policies, procedures, regulatory and BSA requirements.
- Good communication skills, good computer skills, accuracy, flexibility, ability to handle high stress situations, regular and predictable attendance, exercise discretion and good judgment, follow instructions.
- Reasonable accommodation will be provided to qualified individuals with disabilities.
- Other job duties as assigned.
Requirements
- Bachelor’s degree in business or finance or commensurate experience in the field.
- One to two years experience in a financial institution or loan office setting.
- Good sales, organizational, managerial and interpersonal skills.
- Good oral and written communication skills.
- Familiarity with basic office equipment.